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Amlin hails "robust performance" as pre tax profit falls

Lloyd's insurer Amlin saw its profit before tax sink to £121.6m (2007: £445.0 million) in 2008 on gross written premiums of £1034m (£2007: £1044.7m).

However, it described it as a "robust performance delivered, despite impact of major hurricanes and economic crisis". Amlin added its combined ratio was 76% (2007: 63%), net assets increased 15.6% to

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